Direct lending

Citi and HPS team up for $15bn private credit programme

HPS will tap into Citigroup’s origination capabilities to provide loans to corporate and sponsor-backed borrowers.

KBRA: A Medallia default would cause widespread, but not catastrophic effects

If the customer/employee management platform defaults, more than $5bn of equity value would be at risk of being erased, report says.

CPP Investments unloads European non-performing loan portfolio

Net proceeds near C$1bn to be redeployed as the market for NPL portfolios changes.

Antares closes third senior loan fund with $8.5bn in capital

The Chicago-based manager beat its target fundraise, deploying 30% of the fund’s commitments as of the final close.

State of the market Q2 2026: Pockets of pressure

According to some, the future is at stake (and perhaps be worried if your firm name begins with ‘B’), but there is little in the way of evidence that private credit faces a crisis that spans the entire asset class.

LPs are worried, but not by the noise

While the vibe at the PDI Europe Summit was largely positive, there are concerns over the asset class, though they’re not the ones currently getting most attention.

How Neuberger’s ‘first mover’ Japan JV will navigate headwinds

Global headlines around US private credit have prompted many investors to ‘look more carefully’ at different market structures, managing director Yasuyuki Fujita tells PDI.

Apollo breaks $1trn AUM and moves to report daily pricing for credit

CEO Marc Rowan says the totality of the firm’s credit business will be ‘100% daily pricing’.

Aware Super looks to add direct lenders in Europe

The Sydney-based superannuation fund is continuing to diversify both geographically and strategically, attendees at our Europe Summit heard.